PAUL-BUD
Open bankruptcyA bankruptcy procedure is open for PAUL-BUD according to publications in the Belgian State Gazette; curator: GREGORY BRUNEEL. The 2024 annual accounts show equity of €35k and a net result of €-27k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2022
67 d late
2021
65 d late
2020
16 d late
2019
112 d late
2018
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€526k▼ 41.7%
2020 · €903k
2019: €804k
2020: €903k
2019 → 2024
EBIT margin
-4.8%▼ 5.5pp
2020 · 0.7%
2019: 3.1%
2020: 0.7%
2019 → 2024
Net result
€-27k▼ 179%
2022 · €-9k
2018: €-6k
2019: €18k
2020: €13k
2021: €21k
2022: €-9k
2018 → 2024
Working capital
€15k▲ 33.9%
2022 · €11k
2018: €-4k
2019: €10k
2020: €-16k
2021: €18k
2022: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Turnover€804k-€903k▲ 12.3%€526k
Equity€33k-€50k▲ 52.6%€70k▲ 40.6%€60k▼ 14.9%€35k▼ 42.0%
Operating result€25k-€6k▼ 74.9%€31k▲ 396%€-9k€-25k▼ 178%
Net result€18k-€13k▼ 25.6%€21k▲ 59.5%€-9k€-27k▼ 179%
Result per fiscal year
Operating resultNet result
The operating result is €-25k in 2024, compared with €-9k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €164k
Fixed assets
€20k▼ 69.1%
Current assets
€144k▲ 13.3%
Equity and liabilities €164k
Equity
€35k▼ 42.0%
Debt
€129k▼ 2.0%
The debt ratio rises from 68.8% to 78.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2022 · €21k
Cash flow
€-7k▼
2022 · €21k
Solvency
21.1%▼
2022 · 31.2%
Current ratio
1.11▲
2022 · 1.09
Quick ratio
0.82▼
2022 · 0.84
Debt / equity
3.73▲
2022 · 2.20
ROE
-76.4%▼
2022 · -15.9%
ROA
-16.2%▼
2022 · -5.0%
Interest coverage
-2.50▼
2022 · 49.36
Debt
€129k▼
2022 · €132k
Debt ≤ 1 year
€129k▲
2022 · €116k
Staff costs
€37k▲
2022 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2022
Balance sheet
Code20222024
Assets
Total assets20/58€192k€164k▼
Fixed assets21/28€65k€20k▼
Tangible fixed assets22/27€62k€17k▼
Plant, machinery and equipment23€7k€2k▼
Furniture and vehicles24€55k€15k▼
Financial fixed assets28€3k€3k=
Current assets29/58€127k€144k▲
Stocks and contracts in progress3€29k€38k▲
Stocks30/36€29k€38k▲
Amounts receivable within one year40/41€44k€59k▲
Trade receivables40€40k€56k▲
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€52k€44k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€192k€164k▼
Equity10/15€60k€35k▼
Contributions10/11€6k€6k=
Reserves13€19k€19k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€33k€10k▼
Investment grants15€2k-
Amounts payable17/49€132k€129k▼
Amounts payable after more than one year17€16k-
Financial debts170/4€16k-
Amounts payable within one year42/48€116k€129k▲
Current portion of amounts payable after more than one year42€13k-
Trade debts44€44k€65k▲
Suppliers440/4€44k€65k▲
Taxes, remuneration and social security45€11k€31k▲
Taxes450/3€8k€4k▼
Remuneration and social security454/9€3k€26k▲
Other amounts payable47/48€48k€34k▼
Income statement
Code20222024
Turnover70-€526k
Goods, raw materials, services and sundry goods60/61-€501k
Remuneration, social security and pensions62€23k€37k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€20k▼
Other operating charges640/8€668€1k▲
Non-recurring operating charges66A€2k€2k▲
Gross operating margin9900€47k€34k▼
Operating profit (loss)9901€-9k€-25k▼
Financial income75/76B€7€1k▲
Recurring financial income75€7€1k▲
Financial charges65/66B€428€2k▲
Recurring financial charges65€428€2k▲
Profit (loss) for the period before taxes9903€-9k€-27k▼
Profit (loss) for the period9904€-9k€-27k▼
Profit (loss) for the period to be appropriated9905€-9k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€10k▼
Profit (loss) brought forward from the previous period14P€42k€36k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · PAUL-BUD BV GROOT- BIJGAARDENSTRAAT 14, 1082 SINT-AGATHA-BERCHEM · event 15-09-2026
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
31-12
Financial
Highest result since 2018net €21k ▲59.5%
Operating result €31k, net result €21k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 112 days late
2019
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Agatha-Berchem · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groot-Bijgaardenstraat 141082 Sint-Agatha-BerchemGround area
4.2 ha
Building footprint
870 m²
Volume, LiDAR
41,035 m³
2 parcels, Brussels · tallest building 75.8 m, ±24 floors. Linked by address, not a title deed.
1 establishment unit
PAUL-BUD
since 20162.252.877.359
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010B0052/00F000 | Brussels | 4.1 ha | 1 · 578 m² | 75.8 m · 24 fl. |
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY BRUNEEL ZELLIKSESTEENWEG 12,
1082 SINT-AGATHA-BERCHEM |
15-09-2026 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,814 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-04-2016
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.